About That Price Gap


person using MacBook Pro on tableImage Source: UnsplashThe price gap on the SPY (and SPX, obviously) offered little in the way of support. We’ve sliced right through it. This opens up the opportunity for September to be not just good for the bears, but great.I also applaud the behavior of EFA, which is far and away my biggest position. I’ve described this position as “irresponsibly large“, although I took profits on about 23% of my position at good prices today. It is now simply “really big” without the irresponsible part. I’m hanging on to the rest.Overall, I remain exceptionally short with a total of 15 separate positions. This shortened week turned out to be by FAR my best of the year. Huzzah!More By This Author:The All-Knowing Jobs ReportShorting The Fatties Targeting Huntsman

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